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Jean Medina, Airlines for America senior vice president, says airlines are not seeing any immediate effect from sequestration. "Our biggest problem this week is going to be weather rather than the sequester," Medina said. "I can only tell you what we've heard from our members, which is they have not seen any abnormal delays."

Doug Parker, who will helm the airline resulting from the US Airways-American Airlines merger, said mergers help shareholders. "This isn't an industry that's ever been able to meet its return on capital," said Parker in an interview for Bloomberg Television. "Investors are demanding that and we need to go do it."

Boeing says it still plans to offer a stretched 787-10, but has delayed the timetable for the aircraft. "Clearly having the fleet down has slowed things down a bit," said Boeing Commercial Airplanes President Ray Conner.